REG - Substrate AI-Class B - Investment Agreement

Substrate Artificial Inteligence SAAnnouncement

31/07/2024 07:30

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RNS Number : 4864Y  Substrate Artificial Intel - B    31 July 2024

 

31 July 2024

SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA

("Substrate AI" or the "Company")

INVESTMENT AGREEMENT

Substrate AI (AQUIS: SAI/SAI.B) announces that it has entered into an
investment agreement (the "Agreement") with UNITED GENERAL LTD (the
"Investor").

The Agreement will be executed through capital increases for a maximum amount
of €2,000,000. The investment commitment expires on 30 July 2025.

The capital increases will relate to the Company's Class A shares and will be
carried out in two tranches of up to €1,000,000, at the fixed price based on
the closing price on the day immediately prior to the date on which the
resolution to increase the capital is passed, with a discount of 10%.

There Agreement does not entail commission costs.

The Directors of the Company accept responsibility for the contents of the
announcement.

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

For further information, please contact:

 Substrate AI
 Lorenzo Serratosa                     accionistas@substrate.ai (mailto:info@substrate.ai)

 Chairman
 First Sentinel Corporate Finance

 Corporate Advisors
 Brian Stockbridge                     +44 (0) 7858 888 007

 

About Substrate AI: Substrate AI is an artificial intelligence company based
in Spain that creates, buys and scales companies around AI in diverse sectors
such as fintech, agritech, energy, human resources, or health. All of them
sell products and services built on the bio-inspired reinforced learning
technology developed and patented by Substrate AI.

 

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